Solana Price Prediction: Expert Says Solana Can Reach $200 in May if This Happens

Solana (SOL) is one of the fastest and most scalable blockchains in the Web3 space, and powers a thriving ecosystem including dApps, DeFi platforms, Web3 games, meme coin projects, and token launchpads. Despite the wider market’s recent volatility, long-term sentiment among Solana holders has remained bullish thanks to the network’s strong fundamentals and passionate community.

SOL surged past $294 in January, reaching a market capitalization of around $127 billion. While its price has retraced almost 50% from that all-time peak, the possibility of Solana regaining (and exceeding) its former highs remains a very real possibility.

With SOL now hovering above the $140 mark, many analysts view this as a potentially lucrative entry point. The big question now is whether Solana could breach $200 again in the near term.

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Can Solana Hit $200 in 2025?

Many commentators have argued that there are signs of a bullish recovery for SOL. After repeatedly falling below key support levels for the last few months, Solana has now reclaimed the 20-day EMA (exponential moving average). This technical indicator places greater focus on recent price data, and helps traders identify short-term trends.

The 20-day EMA is currently sloping upward, suggesting an increase in buying pressure.

The popular crypto market analyst DonAlt has described Solana’s dip as a “false breakdown,” meaning that the token’s recent plunge was just temporary. He also expects Solana to enter the $200-$210 range if macro conditions remain stable.

These bullish technical signs are backed up by more fundamental factors, as traditional financial institutions have also started to show more support for the Solana ecosystem. For example, four spot Solana ETFs were recently listed on the Toronto Stock Exchange. 3iQ, Purpose, Evolve, and CI Financial launched their Solana-focused ETF products in April, giving traditional investors broader and more convenient access to SOL investments.

With US Solana ETF approvals still on hold, this newfound support from Canada could mark the start of more institutional inflows on a global scale.

Moreover, Solana is quickly becoming the go-to launchpad for NFTs and highly demanding dApps. While Ethereum often grapples with rising fees, Solana’s network continues to process transactions quickly and maintain low costs for users.

If this impressive efficiency continues, it will reaffirm Solana’s position as one of the world’s leading blockchains—and keep the $200 price mark firmly on the radar for traders. Solana investors and builders are now also backing Solana’s first-ever Layer 2 project, called Solaxy (SOLX), as it gains mainstream attention.

Solaxy Layer 2 Raises $32 Million With Presale Closing Soon

Solana is already able to handle thousands of transactions per second on its mainnet, but one project that’s hoping to supercharge speeds even further is Solaxy (SOLX). Having secured $32 million through its headline-grabbing presale, Solaxy is committed to ensuring that Solana remains ultra-fast and low-cost—even in times of severe network congestion.

While Solana’s base layer is very efficient, it can still experience slowdowns when extremely popular NFT mints and new token launches send network usage to exceptionally high levels. Solaxy’s strategy is to buffer Solana’s throughput during these peak periods, so that users don’t face any slow processing times or transaction failures.

Solana founder Anatoly Yakovenko has often reiterated that a robust Layer 1 design should already handle global-scale usage with minimal friction—but many of Solana’s critics feel that the L1 has not fully met this expectation. As Solaxy is built on top of Solana, and will effectively serve as a performance booster when the chain is under heavy pressure, deep-pocketed investors have been accumulating SOLX for the last several months and kept Solaxy in the spotlight.

Solaxy’s native token, SOLX, is central to the project’s vision, as it will drive all of the L2’s transactions and also grant governance rights—making SOLX holders an active part of Solaxy’s growth.

With SOLX currently priced at $0.001708 while its latest presale stage lasts, buyers have a limited chance to build an early investment position before the next price increase.

Investors can also stake SOLX (even during the presale itself) and start generating returns at a dynamic APY of up to 125% pa.

Visit Solaxy Presale

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Kostadin Dimitrov